Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Sep. 30, 2016
CURRENT ASSETS:    
Cash $ 1,754,400 $ 318,200
Accounts receivable, net 7,200 5,100
Prepaid insurance 104,300 59,800
Prepaid common stock 368,300 808,000
Prepaid other assets 17,300 18,800
Total current assets 2,251,500 1,209,900
Furniture and equipment, net 90,700 9,500
Intangible assets 76,200 87,100
Other assets 11,700 13,600
TOTAL ASSETS 2,430,100 1,320,100
CURRENT LIABILITIES:    
Accounts payable (including $9,600 and $10,000 to related parties as of March 31, 2017, and September 30, 2016, respectively) 720,000 426,600
Accrued liabilities 116,000 64,900
Accrued compensation 519,900 509,400
Accrued compensation - related parties 436,200 436,200
Deferred revenue - grant funds 45,900 45,900
Current portion of note payable 58,000 56,300
Current portion of capital lease 1,200 1,200
Total current liabilities 1,897,200 1,540,500
LONG-TERM LIABILITIES    
Long term portion of note payable 2,000 31,400
Long term portion of capital lease 4,100 4,700
Total long-term liabilities 6,100 36,100
TOTAL LIABILITIES 1,903,300 1,576,600
STOCKHOLDERS' EQUITY:    
Common stock, $0.001 par value; authorized 500,000,000 shares and issued and outstanding 2,528,061 shares and 1,941,061 shares as of March 31, 2017 and September 30, 2016, respectively 2,500 1,900
Additional paid-in capital 71,950,300 68,275,400
Accumulated deficit (71,426,000) (68,533,800)
Total stockholders' equity (deficit) 526,800 (256,500)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,430,100 $ 1,320,100